When President Donald Trump unveiled the plan for a wall on the border with Mexico, he called it a “great, great wall.”
But he also pledged that Mexico would pay for it.
Now, a new report reveals that the wall could cost the US more than $2 trillion.
The Washington Times reports that, in a bid to help Trump, the Trump administration is “working overtime to get the cost down” from $2.4 trillion to $1.5 trillion.
And that’s in the US alone, as well as Mexico.
The Times reported that, on top of the cost of the wall, the US has to “provide billions of dollars in legal assistance, security, surveillance and other assistance” for border cities and communities that have already been devastated by the border.
Trump also pledged to pay for the wall “through new taxes on businesses that hire illegal workers and companies that ship jobs across the border,” as well “through other measures.”
But the cost is likely to be far more than that.
A new study by the Government Accountability Office (GAO) estimates that, if all of the costs are factored in, the wall’s overall cost could be in the region of $2,500 per person.
This means that a US citizen could be on the US$1,000-a-month minimum wage for a year without counting the cost.
As the Times notes, the Wall Street Journal reported earlier this year that the Wall is “almost certainly” the most expensive US project since the Great Depression, adding that, even after taxes, “it would be only a third of what the Hoover Dam cost in 1932.”
The wall is, in fact, the only US project to surpass the Hoover dam, which cost $14 billion.
A more accurate measure would be $2 billion, or about a third the cost, but even this is a far cry from Trump’s original pledge.
In March, Trump vowed to put a wall in the border region, saying: We will build a great, great, wall, and nobody builds walls better than us.
And we will pay for that wall with a lot of money.
And it will be built quickly, and it will come.
But, as the Times points out, the administration hasn’t been able to make that promise happen.
So far, $1 billion has been pledged, and the US is expected to reach $1 trillion in the first quarter of 2021.